Advantages of Gibraltar holding companies in 2020
It is profitable to open a holding company in Gibraltar in 2020, as the country has low tax rates, there are all conditions for successful business. Opening of a holding company implies the creation of a corporation regulating the activities of independent organizations. Primarily, the holding is created to increase the efficiency of the united enterprises.
Features of doing business
There are a number of advantages to registering a holding company in Gibraltar. Jurisdiction is distinguished by its loyal tax policy and the possibility to use nominal service for offshore companies. It is possible to register the following companies with legal forms:
- Limited partnership;
- Limited liability companies;
- Unlimited liability companies.
If a company in Gibraltar does not have a resident status in 2020, it can not conduct work related to insurance, financial services. There are a number of services that are provided only after authorization from the commission. It is difficult for non-resident companies to obtain such a document.
The license is mandatory for providing legal services, registering companies, providing services related to tax optimization, opening an account with financial organizations, etc.
To open a private company, there must be at least two persons on the board of directors. It is necessary to submit financial statements on a regular basis; it is important to periodically send information about the financial situation of the organization.
There are a number of conditions under which a 0% discount will be available. Zero rate applies if the company is managed by directors who do not live within the territory, but are in tax-free zones, and there are no activities related to making profit within the jurisdiction.
There are no capital gains charges. When establishing a company, you may open a bank account in another country. There is a high level of anonymity and access to nominal service.
Requirements to companies
When planning to open a company in Gibraltar, it is important to consider the requirements. It will take at least one shareholder to open a LLC-type company, but there must be no more than 50 shareholders in total. They can be individuals or legal entities.
It is allowed to use nominal service to achieve confidentiality. A shareholder may have a director position, which should be at least 1. There are some other features of the company registration and its operation.
Bearer shares are forbidden, and a lawyer with a relevant activity permit is required to work in the sphere of preparation and submission of a memorandum. It is obligatory to submit financial statements every year. Only a resident may be a secretary in an organization; an office in the jurisdiction and an agent are required.
To register a holding company, please contact our specialists at IT-OFFSHORE. We will check the documents and answer all your questions, help you prepare an application for the opening of a company, choose a suitable legal form, taking into account the type of activity. The most relevant business registration in Gibraltar is in the field of information technology, application development and software.
Advantages of starting a company
Gibraltar is a British dependency. For several years in a row, the country has shown high values of growth at the expense of investments, is considered a favorable place for registration of corporations.
The advantages of opening a company in Gibraltar:
- A high level of confidentiality;
- There is the possibility of obtaining a license to conduct different types of business;
- All legal areas of work are allowed;
- Low income tax rate for resident companies - 10%.
The need to submit financial statements depends on the size of companies. Small companies may need to submit only a summary summary summary balance sheet and tax return.